The Late-Week Bounce in Stocks was a Good One…But if Last Week’s Lows are Undercut in Any Meaningful Way Over the Next 1-3 months, it Will be Very Bearish.

Also, Wall Street Completely Misses what Chairman Warsh is Trying to Do.

Table of Contents:

1) The Tech Sector has to Bounce A LOT More to Signal that the Worst is Behind it.

2) Wall Street has to Adjust to Warsh as the New Fed Chief, Not the Other Way Around!

3) Higher Long-Term Interest Rates Are Being Driven by More Than Inflation.

4) Japan’s Yen Intervention Could Have Major Liquidity Implications.

5) Key Support and Resistance Levels for the Major Averages Will Shape the Market’s Next Move.

6) Escalating Geopolitical Risks Continue to Favor the Energy Sector.

7) Housing Stocks: Short-Term Relief Possible, but Intermediate-Term Risks Remain Elevated.

8) The Healthcare Sector Still Looks Quite Bullish, but it Does Need to Rebound Further Soon.

9) Summary of our Current Stance.